Posted inEconomy
As Mamdani Pulls Budget Rabbit From Hat, Watchdogs Fret Over ‘One-Shots’
The mayor’s use of one-time cash infusions sets the table for a renewed fight over taxing the wealthy next year.
Retirement
Posted inCity Government
Mamdani Plugs $12 Billion Budget Hole With Hochul Assist
An infusion of state aid will help the mayor close the massive two-year budget shortfall, City Hall said, as fiscal watchdogs urged caution.
Posted inHousing
He Survived Japanese Occupation and Mao’s Cultural Revolution. At 93, He’s Fighting NYCHA.
The Housing Authority has ambitious plans to replace a Chelsea complex, but Jin Tao Wu and a handful of other seniors are refusing to move out.
Posted inCity Government, City Hall, Eric Adams, Politics
How Israel Bonds Became a Local Campaign Litmus Test
Comptroller Brad Lander let longtime investments in the Israeli state lapse. He says he’s just aiming for equal treatment for foreign debt — while Mayor Eric Adams’ top deputy suggests the comptroller has jumped on board a boycott.
Posted inHealth, Labor
Mayor Adams Abandons Medicare Advantage, Despite Court Ruling Permitting Switch
The mayor said the change in retiree health care coverage was no longer necessary, as he faces a reelection fight where a backlash looms large.
Posted inCity Hall, Courts, Labor
State’s Highest Court Rules NYC Can Switch Retired City Workers to Medicare Advantage
In a blow to retirees, the state Court of Appeals overruled lower court decisions that had barred the city from moving its quarter-million retirees to a privatized health care plan.
Posted inEric Adams, Health, Labor
Retirees Crash Adams Event to Blast Medicare Advantage Plan
The switch to a privatized plan would save the city $600 million a year, but retirees say it’s not what was promised to them.
Posted inCourts, Health, Labor
Judge Sides With City Retirees, Temporarily Blocking Medicare Advantage Switch
The Adams administration had moved to switch 250,000 public-sector retirees to a controversial, privately run health care plan on September 1.
Posted inCity Government, Health, Labor
Adams Inks Deal with Aetna, Paving Way for Switch to Medicare Advantage
The city’s 250,000 retirees will switch to a controversial privatized healthcare plan managed by Aetna after Mayor Eric Adams signed a deal endorsed by the major public sector unions earlier this month. Groups representing retirees said they intend to sue to stop it — again.
Posted inEducation, Labor
Teachers Buck Mulgrew, Petition for Referendum Vote On Medicare Advantage
UFT president feels pressure from members who demand a union-wide vote on the retiree health care cost savings plan he’s championing.